For Sale
$1,835,000

2379 172 St North Miami Beach, FL 33160

Six-unit building, excellent location, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional six-unit multifamily property, located at 2379 NE 172nd St in North Miami Beach, Florida, 33160, presents a compelling investment opportunity. The 5,066 square foot building, constructed in 1969, boasts a two-story design and is built with durable concrete block construction. Recent upgrades include a new metal roof, impact windows and doors, and fresh exterior paint. Approximately 90% of the units have been remodeled, offering modern interiors to tenants. The unit mix consists of three 2-bedroom/1-bathroom units and three 1-bedroom/1-bathroom units, all currently generating a steady cash flow with one-year leases in place, some with long-term tenants. The property includes central air conditioning and ample parking spaces. A convenient on-site laundry room provides additional income potential. This property benefits from its prime location near Aventura, beaches, parks, shopping centers, schools, hospitals, and public transportation (Brightline train and bus stations). Its proximity to Biscayne Boulevard adds to its desirability. The property's low operating costs and a readily available team of contractors for maintenance ensure efficient management. The high demand for quality rentals in this area, coupled with the potential for rent increases, makes this a truly attractive investment with a proven track record of strong performance.

Highlights

  • Six-unit multifamily property in North Miami Beach, FL.
  • 5,066 sq ft building, concrete block construction, 1969.
  • New roof, impact windows/doors, fresh exterior paint, 90% remodeled units.
  • Unit mix: 3 two-bedroom/one-bathroom, 3 one-bedroom/one-bathroom; strong cash flow, one-year leases.
  • Central A/C, ample parking, on-site laundry.
  • Prime location near Aventura, beaches, and transportation (Brightline).

Property Details for 2379 172 St

Property type
Commercial real estate
Square Feet
5,066 SF
Year Built
1969
Buildings
1
Stories
2
Units
6

Location Insight

City
North Miami Beach
County
Miami-Dade
State
Florida
Latitude
25.9350351
Longitude
-80.1529016

FAQs

What type of property is this?
Commercial real estate - Six-unit building, excellent location, strong cash flow.
Where is the commercial real estate located?
The property is located at 2379 172 St North Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,835,000.
What are key features of this property?
This property features: Six-unit multifamily property in North Miami Beach, FL.; 5,066 sq ft building, concrete block construction, 1969.; New roof, impact windows/doors, fresh exterior paint, 90% remodeled units.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2379 172 St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message